Acct 424 Week 3 - Grade for Christine Martin Week 3 Quiz Numeric grade 4/20 Letter grade Comments Chris Thank you for a very nice quiz this week

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Grade for Christine Martin: Week 3 Quiz Numeric grade: 4/20 Letter grade: Comments: Chris, Thank you for a very nice quiz this week. The average for the class this week improved from an eight last week to a ten this week for the quiz. Please review the quiz and e-mail me if you have any questions before taking the mid-term exam this week. Good luck. < Close Window Autograde Summary Date Taken: 3/21/2010 7:08:43 PM Time Spent: 1:01:34 (1:30 allowed) Points Received: 4 / 20 (20%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 10 2 Grade Details 1. Question: (TCO 6) Which of the following is  not  generally a disadvantage of filing tax returns on a consolidated  basis? Your Answer: Compliance costs  usually are higher. Realized losses from  transactions  between affiliates  cannot be  recognized  immediately. Operating losses of  an affiliate reduce 
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the tax basis of the  parent’s ownership  interest in the entity.   This increases the  gain on the disposal  of the affiliate. Gains from one  affiliate can be  offset by losses  from another.  This  reduces the tax  liabilities of the  group as a whole. CORRECT All of the above are  disadvantages. Instructor Explanation: This is an advantage of consolidation.   Points Received: 2 of 2 2. Question: (TCO 6) Which of the following tax items is  not  likely to be considered when a group of related  corporations is evaluating the election to file on a consolidated basis? Your Answer:
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This note was uploaded on 04/22/2010 for the course ACCT ACCT424 taught by Professor Tracie during the Spring '10 term at DeVry Chicago O'Hare.

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Acct 424 Week 3 - Grade for Christine Martin Week 3 Quiz Numeric grade 4/20 Letter grade Comments Chris Thank you for a very nice quiz this week

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